Selling the News in Origin Agritech (SEED)

Posted in pre-market 
January 14th, 2010

Origin Agritech Limited (NASDAQ: SEED) is taking a trading clip after reporting earnings.  The company posted a 14.7% gain to revenues for FY2009 of $86.8 million from US $75.6 million; Operating cash flow in FY2009 was US $30.59 million from US $8.42 million in FY2008.  At 8:24 AM EST we have seen 273,000 shares trade hands and the stock is down 6.2% at $12.70 after closing at $13.54 yesterday.  This stock is still up six-fold from its 2009 lows.


Comments are closed